1301 N Mansfield Ave is a classic Hollywood multifamily asset, offered for the first time in over 40 years. This 19-unit Hollywood apartment complex blends timeless mid-century charm with thoughtful modern upgrades, and is positioned on a prominent corner lot at Fountain Ave and Mansfield Ave—just west of Highland. The location is walkable to the best of Hollywood and West Hollywood, including the Hollywood & Highland entertainment corridor and the Santa Monica & La Brea dining district.

The unit mix includes (6) two-bed/1.5-bath, (11) one-bed/one-bath, and (2) studios, with two units delivered vacant—ideal for investors looking to begin renovations or capture upside immediately. Units average approximately 800 SF, featuring open-style floor plans, oversized windows, and private balconies that flood interiors with natural light. Offered at just $223,000 per unit, the asset produces a 5.45% CAP rate on current rents, with 26% rental upside and a projected 7.73% CAP and 8.75 GRM once stabilized.

Recent capital improvements include a new roof, copper plumbing, soft-story retrofit, and SB-721 balcony compliance (buyer to verify). The building has also transitioned to electric appliances, further reducing future gas-related expenses and exposure.

Located 0.5 miles from Santa Monica & La Brea and just 0.6 miles from Hollywood & Highland, 1301 N Mansfield Ave sits in one of LA’s most dynamic growth corridors—where top-tier employers in media, tech, and entertainment meet iconic cultural landmarks. This prime Hollywood multifamily opportunity offers strong in-place income, tangible upside, and long-term durability in a neighborhood defined by demand and momentum.